Informal Hawala Remittance System Huge, Competitive, and Dangerous

ACORN International Remittances

New Orleans Yesterday on the ACORN International website (www.acorninternational.org), we released the third of our investigative, research reports in connection with our Remittance Justice Campaign.  The bottom line is that the amounts of informal transfers are huge and underestimated.  They are wildly cheaper by many orders of magnitude (0.25% to 1.25% compared to World Bank …

Continue Reading

End Invisible Unemployment Now

Financial Justice

New Orleans  More than 14 million statistically unemployed adding up to a jobless rate of 9.2% cannot really be invisible, can they?  How could they be invisible especially when the real numbers of unemployed who are now “discouraged” job seekers, workers in the informal economy, and “portfolio” workers balancing a list of tasks while trying …

Continue Reading